Bearish Bat
Tatasteel - Weekly ChartTata steel weekly chart has a probability of Bearish Bat pattern. Currently stock is trading near its prz zone.
Keep an eye on price action near that zone.
Harmonic Prz zone also coincides with downsloping trendline and .382 Fibonacci ratio level
Near term support is 430
and major support is 490 levels.
TVSMOTOR ANALYSIS DOUBLE TOP AS WE CAN SEE W PATTERN IS COMPLETED AS MENTIONED IN CALLOUT AS DOUBLE TOP MARKET FALLS AFTER THIS PATTERN ONCE HORIZONTAL LINE AS MENTIONED WITH CALLOUT BROKEN ON CLOSING BASIS IN 30 MINUTE CANDLE GO SHORT WITH TWO TARGETS AS MENTIONED WITH ARROWS GOOD LUCK
NOTE: FOR EDUCATIONAL PURPOSE ONLY NO ADVICE GIVEN
Nifty-Elliottwaves-Let us make some wedgesAnalysis Done on Spot / Cash Data
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Status Update at 09:13 Hrs / 9th April 2019
Last Price@11598
Buy Close to 11550 – 11560 zone ( No Buying below 11550)
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Key / Critical Support & Resistance Levels
11550 (Critical support level Next)
11760 (Critical Resistance Level Next)
Trading Strategy
Plan A
Buy Above 11600 for 11690-11700
Plan B
Buy Above 11700 for 11750-11760 ( No Buying Below 11700 levels)
Plan C
Buy Above 11760 for 11825-11850 zone upside (New Highs for India Nifty) – Giving us 3rd leg in the wedge structure which is our assumption.
Plan D
Selling somewhere close to 11825-11850 once you get some resistance (be careful as it non chartered area) for downside target 11715-11730
Plan E
Later Buying holding above 11700 for 11900-12000
Plan F
Selling Later on New All Time Highs for Downside Target –close to voting day in Mumbai which happens on 29th April 2019 for downside target of 11310-11325 zone as suggested over the video.
Plan G
Buying in 11310-11325 support zone for upside target 11425-11475
Plan H
Selling Also below 11300 for 11120-11150 & below 11050 for 10730-10785 ( Nation Strike’s Back Zone)
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“Say Cheese” Moment for me in last few days
5th April 2019
RBI cuts repo rate again by 25 bps as it did last time in Feb 2019 & we were sellers close to 11117 Idea as published earlier – “History has the answer - Careful above 11050”- Result was fall to 10585 (Double Bottoms)
7th April 2019
Got the push to 11690-11700 zone & Selling was suggested below 11700 for 11610-11620 zone which got extended to 11550 (Critical support level Next)
8th April 2019
Fall Started with gap open & making 11710 new highs for the day- yesterday – 11550 is critical support level next.
Thanks for watching the video & Your support. Enjoy The Markets.
BankBaroda : Bearish BatBoB has formed Bearsish-Bat Harmonic Pattern , look for short opportunity
Entry : 150 <=>155 Range
Stoploss : 5%(Closing Basis)
Basic Target: 125
Idea by : ANAND SAGAR
if you have any queries regarding above idea or any other stock feel free to D'M
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